Diplo's Mad Decent Publishing has signed a joint venture Deal with Big Deal Music Publishing, the company announced on Tuesday (Feb. 5). Under the terms of the agreement, Big Deal with administer songs for Mad Decent and the two companies will team to jointly sign new talent.

The widely popular artist, producer and DJ launched Mad Decent as a record label in 2006, since expanding the vision to form a cultural hub and live music brand with the popular Mad Decent Blockparty. The publishing company was formed with Diplo's manager and business partner Kevin Kusatsu, and counts among its most recent successes Mad Decent songwriters Picard Brothers' contribution to the Mark Ronson hit "Nothing Breaks Like a Heart," featuring Miley Cyrus.

"We're always looking for partners who have a history of taking chances artistically and making them count and Mad Decent is known for just that," said Jamie Cerreta, co-founder and executive vice president of Big Deal, in a statement. "Kevin and I have been great friends for years, and it's been fun to watch him and Wes build this great business and creative platform for innovative talent. It just seems very natural and super exciting to finally get to work together and build something special."

Added Kusatsu, "Partnering with Big Deal gives us the best environment to be effective publishers and A&R people."